The World Bank (WB) Group has appointed Nathan Belete as the new country director for Zimbabwe, Malawi, Tanzania, and Zambia, where he will be in charge of a portfolio totalling around US$12bn in commitments for the four nations.
British Prime Minister Liz Truss sacked her finance minister on Friday, forcing Kwasi Kwarteng to take the blame for the turmoil caused by her right-wing economic platform as unruly Tories plotted her downfall.
Africa's longest pipeline is being built near Gaya in southwestern Niger, near the border with Benin by Chinese and Nigerien engineers.
The World Bank on Monday signed a $300 million grant to Mozambique, returning to the country six years after aid was suspended due to a hidden debt scandal.
The World Bank announced Tuesday a $130 million loan to help Tunisia meet the cost of grain imports, the prices of which have skyrocketed since the Russian invasion of Ukraine.
The Board of Executive Directors of the International Development Association (IDA) has approved a credit of US$36 million and a grant of US$24 million from the IDA Crisis Response Window to Malawi for the Emergency Power Restoration project.
The World Bank on Wednesday announced $12 billion in additional funding for projects aimed at addressing the global food security crisis, bringing the total to $30 billion.
The World Bank has announced that its outgoing country manager in Zimbabwe, Mukami Kariuki will be replaced by Zambian national Marjorie Mpundu.
HARARE - President Emmerson Mnangagwa has extended the term of central bank governor Dr John Mangudya for another five years.